Wednesday, May 9, 2007

Murdoch plans to launch Sun with Sun group

Media mogul Rupert Murdoch is entering the Indian newspaper space in association with Chennai-based Kalanithi Maran, owner of the Sun group.

The Sun, the flagship publication of Murdoch’s News Corporation, is in talks with Maran’s Sun group to launch an English tabloid in the country.

Sources close to the development said the tabloid was likely to be titled Sun and would be introduced in south India. The partners planned to launch it in other markets later, they added, but did not reveal the time frame for the launch.

When contacted, a Sun TV executive in Chennai said, “We do not want to comment on the issue.”

According to sources, the proposed entry into print media is a part of Sun TV’s expansion and diversification. The company had indicated that it would raise Rs 2,000 crore to finance its expansion and entry into new businesses such as aviation.

It recently announced plans to foray into the domestic and international aviation industry. The company has put forward a proposal to this effect before its shareholders through a postal ballot, the result of which will be announced in mid-May. The company is also in the process of getting into distribution of content through mobile phones, Internet, IPTV and radio.

Murdoch’s Star TV was the first foreign broadcaster to transmit from India. Murdoch, the owner of newspapers and broadcast and publishing houses across the world, has been upbeat about investments in India.

No comments: